Short Sale Negotiation

“A Short Sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property being sold.” 

The successful negotiation of a short sale is often time consuming and complicated. Broker has offered its services vis a vis “Short Sales Express” to negotiate a salesperson’s short sale, at their client’s request, for a fee as described in the “Short Sale Negotiation Contract”.  

In regards to the Broker Fee, Broker recommends the following commission breakdown on short sales, whereby the approved total payable commission is six percent (6.0%):

Listing Agent:  2.5% of Sales Price

Short Sales Express:  1.0% of Sales Price

Selling Agent:  2.5% of Sales Price

Each Short Sale is assigned a web based Username and Password protected site, for both clients and salespersons, to provide updates during the short sale negotiation process.

Documents to be provided for by Salesperson:

  • Fax Cover Sheet (Short Sale)
  • Short Sale Negotiation Contract
  • Referral Form (Short Sale)
  • Pre-Qualification Form (Short Sale)
  • 3rd Party Authorization (Short Sale)
  • Financial Analysis Form
  • Hardship Letter
  • Two Years Tax Returns
  • Two Years W2’s
  • Two Months Bank Statements
  • One Month Paycheck Stubs
  • Mortgage Statement